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forward this week and we're going to try to extend the debt ceiling by a few months to give the congress and the president more breathing room. to address a long-term balanced budget over the next ten years. we have automatic spending cuts coming in place as part of the sequester. spending cuts in march and then the government funding mechanism the end of march and that will give awes opportunity to pass the budget in the house, pass the budget in the senate and recognize those two. >> greta: you'd vote for increasing the debt ceiling. >> par coming this week, attached to it, pass a budget by april 18th otherwise members wouldn't receive any pay. it's unfortunate that we have to take that step, but the senate hasn't passed a budget now if four years and we need them to outline their priority. >> greta: or you're no? >> yes. >> i'd be hesitant to raise the debt ceiling or just put it on the side for right now. we need real solutions. what he's been outlining here are the true problems that we face today. something, as much as i was in awe seeing the president today and hearing his beautif
a bill to the floor this week, a short-term raise for the debt ceiling debate until may, and stop paying members if the senate doesn't pass a budget. how will you vote on that? >> well, look, what's good about this is at least the republicans recognize increase the debt ceiling is something we need to do. but in fact, three months is not good enough. it really is unacceptable for my opinion and i think most of the democrats, because there are plenty of opportunities for us and we should really be looking long-term how we can reduce the deficit and deal with long-term sustainability for medicare and medicaid. those are issues that we have to look at and i believe we will and we have opportunities to do that around the budget, around the sequester, of course we will have to deal with in less than, well, six weeks. and we should. the debt ceiling, we need that certainty for the markets, for our economy. we know what happened when the republicans played around with not raising the debt ceiling in august of 2011. the economy was deeply hurt. we're in a recovery and we certainly should not let
. >>> congress gets back to work with the debt ceiling now a priority. kyla campbell has more with the details on their proposal, kyla campbell? >> reporter: they want to increase the debt ceiling without simultaneous budget cuts but they have a not so hidden agenda so the u.s. could focus the pressure on the senate to pass the first budget in nearly four years. this would take the debt ceiling issue off the table for now but other debates are coming in the weeks ahead. with the fiscal cliff, they have decided to put it off for months and also the current budget expires at the end of march without a spending plan in place, a partial government shut down is possible. house members are scheduled to vote tomorrow and democrats in the senate are on board with it. they are talking about it regarding the debt ceiling when i see you next, kyla campbell, ktvu channel 2 morning news. >> on our website as well, >> i'll take that, including beyonce, she sang the national an them. >>> they are hoping to be led to the suspect involved in the robbery. three people were able to escape from the
on the debt ceiling issue. is that a fair characterization? if so, was it a change of heart or a change of tactics? >> i didn't hear rand's comment as far as that is concerned. i think what the gop house conference is concerned about is how do we get forward during the next couple of months with an administration who just yesterday said he has a bold agenda going forward for the future. in order to have an agenda whether you're president of the united states or the ceo or cfo, you have to have a budget. we're saying the same thing the american public is saying to the senate, give us your budget if you want us to then go forward and continuously raise the debt limit. >> so you feel that this vote tomorrow will pass the house what do you expect the senate will do? they haven't been able to pass a budget in four years. >> there's a story that came out, i don't know how true this is, that senator schumer said democr democratic senators have been secretly planning on doing a budget for a long time. that's good and also coincidental that they were secretly doing a budget an we never knew anyt
ceiling standoff. >>> what a week it is going to be. "squawk on the street" is back in a minute. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> shares of research in motion are up sharply this morning, after the ceo said the ongoing review could potentially leetd to the sale of its handset business. plaque berry upgrades alone could in fact drive themes. the question in terms of if they do license their software platform, jim, who would they license to, since knockia is with microsoft, and samsung, motorola with android, so who is left to license with this platform? >> they talk about making white ph
saying we'll have bitter fights perhaps debt ceiling shutting down the government, perhaps begun control. they will be tough fights and the american people need to be ready for that. >> john: george, it seemed--what are your thoughts on that before i move on. do you think that was a pretty direct calling out of mitch mcconnell and the republicans? >> yes, look over the next few months we'll we you'll have a big fight over the sequester the funding of the government and the debt ceiling. i think he's trying to pull out the weeds of that because none of it is the soaring lofty rhetoric. i think he's trying to push past that mess to what he would care to do. >> john: alex, after seeing how large a role the hispanic vote played in the 2012 election and how poorly mitt romney played to that demographic. let's not forget his univision appearance what i call gringo star. >> they may need to work out what the messaging is going to be on this site. if they don't you can bet the democrats will use it in the the 2014 midterm. you remember in 2010 when democrats could not get the minority voters out
to pass tomorrow, an effort to push off this debt ceiling to date. something that would have really expired in a matter of weeks for another couple of months. i think we will be doing this in may, so your kid is graduating from school into a nightmare. same time, same place. same bat channel. to the flight amid the tax threat. you hear about this -- those in power don't like being taxed. so former french president out of power, nicholas sarcozey and his wife are considering fleeing frarch. phil mickelson saying the same thing. the democratic leaders here better take note, if they have the money, they will run. there are reasons for both of these guys to bring back their remarks, as you know. but they do follow a trend of folk who is have means who are saying the government -- and governments are going too far. do they have a point? >> well, i think they definitely a point, neil. economics is a very dynamic social science. there is a latin phrase that means, all things being the same. the democratic policy approach is everything's the same. we can increase tax rateses or in france, w
on together in the coming weeks. not the least of which being be expiring debt ceiling and spending issues. he did not talk about that. he did not reach out, and they were disappointed in that yesterday. both sides feel the other is not doing enough to reach out. host: on twitter -- guest: it is interesting, because when the election ended, the speaker offered what he considered an olive branch on the negotiations in saying they would put some tax revenue on the table. it cannot go their way. they were backing down. at this point the speaker needs to be careful about his own leadership, but you will see last compromise on his part because the conference of republicans are expecting him to stand up more to the president on issues important to that. they will not go for a tax increase. they will aim for spending cuts that they felt they did not get in the summer. in that sense, we are calling to see the two sides butting heads more in the coming weeks. guest: probably most striking change in tone between the address that president obama delivered esther date and the one he delivered four years a
test coming next week. >> that's right. you have got the house is going to take up later this week as a matter of fact on wednesday. they are going to vote on increasing the nation's borrowing limit the debt ceiling as it is called. okay wednesday they are going to do that vote. the senate pass a budget with spending cuts in it. that is when the kum ba yah the happy talk here on capitol hill may go back to a little more firstier talk. shep? mike emanuel on the hill tonight. perspective what lies ahead for president and the congress. dana perino the white house press secretary for president george w. bush. that's coming up from the journalists of fox news on this monday fox report from the nation's capitol. inauguration night. martin luther king jr. day. it's great to have you with us. just like that. right in the old bucket. good toss! see that's much better! that was good. you had your shoulder pointed, you kept your eyes on your target. let's do it again -- watch me. just like that one... [ male announcer ] the durability of the volkswagen passat. pa down something he will be gra
spending cuts in exchange for raising thehe debt ceiling-- at least for now. it was partly a recognition that multiple showdowns over the debtcb and spending have hurt the g.o.p.'s standing with voters. a cbs news poll released lastal week found americans trust the president over congressional econ republicans to handle thea republic economy by 15 points.r john thune is a republican senator from south dakota. was this what the republicanrepublican party saying we're going too operate a little differently in a second president obama term?ell, i thi >> well, i think -- i do believe it's a recognition of politicalde reality. the pre we realize the president won the election and i -- so i think to some degree it was a recognition that for us to have a debateav about spending and debt we'vewe got to have the focus be on a and wha budget and what we're going to achieve a balanced budget over time. >> pelley: and that's why thee republicans have attached a caveat to their debt ceiling bill. they want senate democrats to do something they haven't done since 2009: pass a budget putting them on t
will have to work on together in the coming weeks. , not least of which is the expiring debt ceiling and other spending issues. he did not talk about that or reach out to republicans and i think they were disappointed in that yesterday. both sides feel the other is not doing enough to reach out. host: from twitter -- guest: i think when the election and did, the speaker offered an olive branch on negotiations and said they would put some tax revenue on the table. it did not go their way and they ended up backing down. at this point, the speaker needs to be careful about his own leadership. i think you'll see less compromise on his part because his own conference of republicans are expecting him to stand up more to the president on issues important to them. there will not go for a tax increase, they will aim for spending cuts that they did not feel they got in december. in that sense, i think we're going to see the two sides butting heads more in the coming weeks. guest: probably the most striking change in tone between the address yesterday and the 1 obama delivered four years ago wa
limit. >> reporter: they plan to debate that today and vote tomorrow. the debt ceiling is currently set at $16.4 trillion and the treasury department says we could hit that in just three weeks. house republican leadership proposes extending the debt limit through mid-may to avoid missing any payments. so far, several senate democrats and the white house approve that plan but it's another short-term fix. california congressman mike honda does not want congress in charge of setting the debt limit. they just introduced a bill that could -- that would allow the treasury to pay off the debts unless there's something introduced to stop it. >> i think we should have a progress that addresses that so it doesn't become a barrier or a political football. >> reporter: the country has never defaulted on payments but even debating the debt ceiling could have a negative impact on the economy. kyla campbell, ktvu channel 2 news. >>> let's get you updated on some of the top stories we're following right now. flights from san jose to tokyo are canceled again today after airlines were forced to ground hu
few weeks we are going to face a debt ceiling increase. in fact, we have a debt ceiling vote tomorrow. we're not voting to raise the debt ceiling, mr. speaker. we're voting to suspend it. i think this is bad policy because i think that markets, business people and everybody else needs to know that the congress is going to stand by the credit rating and the debts of the american people. we're not going to default. we shouldn't threaten that we are, mr. speaker. it's bad. it's not a good thing to do. mr. speaker, it's important for the american people to know that when we talk about raising the debt ceiling, congress is not approving new spending. we're not borrowing -- we're saying that we're going to pay the bills on debts we already acquired. mr. speaker, it's kind of like this. if you have a family and somehow you have a mortgage to pay, you've already obligated to pay a mortgage, now, if you don't have the money for your mortgage, you may have to go to your cousin, your brother, your uncle and say, i need you to help me until next week so you can pay the mortgage. now you borrow mo
throw for an increase in the debt ceiling, what issues put a stake in the ground going forward? what do you expect on that front? >> i expect the republicans to fulfill the constitutional duty of the house of representatives, which is where the money stuff originates. so tax bills, spending bills, they will pass a budget. they will expect the senate to pass a budget. i will look to the republicans to hold the line on spending. even if the other body doesn't and the president doesn't want to. it certainly seems to be what the an lives and the markets want. >> house republican leaders have set a vote for tomorrow to extend the debt ceiling deadline until may 19th. the u.s. treasury has been taking steps in the meantime to keep the country from defaulting until late february or early ma. this gop figure would let the government borrow what's needed to meet its obligations for that purpo purpose. mary joe, which one do you expect europe to focus its energy on. >> i think the likelihood of a shutdown is less standard than it would have been ten days ago. but i would look at a three-stage pro
borrowing limit as soon as mid-february. so president obama will request congress to raise the debt ceiling once again. this is the fifth time the president has -- president obama has requested the debt limit be raised to allow the federal government to borrow and spend more money. but what is the point of even having a debt limit if congress simply extends the treasury's borrowing capacity each time the limit is reached? while some may say that it's irresponsible not to raise the debt limit, our nation finds itself at a point of such indebtedness that it is equally as irresponsible to extend the debt ceiling without significant reductions in federal spending. i voted against an increase to the debt limit two years ago and intend to vote against another increase unless we substantially change the way that government does business by reducing federal spending. in addition to it being alleged that it's irresponsible not to raise the debt ceiling, sometimes it's suggested that it's not compassionate to not spend money. where is the compassion in spending money that we don't have that's being b
. >> good to have you. >> "america live" is now. >> a fox news alert on the showdown over the debt ceiling. house republicans shifting gears allowing new plans to allow the government to keep borrowing money for several more months preventing a first default on u.s. obligations that could come a week from today. there's a catch. welcome to "america live," i'm in for megyn kelly today. the legislation would require lawmakers to pass a budget and if they don't, they don't get paid. a vote is scheduled for tomorrow and house republicans hope this will prod senate democrats to pass a budget in more than four years. and the president will not block this, but the administration is not thrilled with such a short-term plan. >> we support the idea that the deficit ought not to be a political football that, by becoming that does damage to our economy. so we would clearly, we want to see the debt ceiling sort of removed from the process of the very important debates that we have over what we pay for, how much revenue we bring in, how we get our fiscal house in order in a way that helps the economy gr
to extend that debt ceiling deadline until may 19th. elsewhere, earnings reports will likely influence trades today. dupont, johnson & johnson, and ibm all report today. natalie? >> courtney regan at the new tock exchange, thank you. >>> the u.s. education department says it takes more than the standard four years for more than 20% of students to ini finish and get their deemployee mas. they credit the rise in graduation rate for the stiff competition for limited jobs. >>> an analysis of marrs' mclaughlin crater has scientists investigating new evidence that there was water on the red planet. using data from the mars reconnaissance orbiter, it may once have been a lake fed by an underground water supply. the findings are published in "nature geo science" and may push the search for ancient life on mars underground. >>> off-duty police officer in madrid is being credited as a hero this morning after rescuing a woman who fainted and fell on the city's subway tracks. the officer leaped into action and pulled the 52-year-old woman to safety. an oncoming train saw the trouble on the tracks
Search Results 0 to 18 of about 19 (some duplicates have been removed)